Alphamin Resources: Updated Feasibility Study for DRC Tin Project

- June 28th, 2016

Alphamin Resources (TSXV:AFM) reported results of an updated feasibility study for its 80.75 percent owned Bisie Tin project. The project is located in the Walikale Territory of the North Kivu province of the Democratic Republic of Congo. As quoted in the press release, Boris Kamstra, CEO of Alphamin, said: The 34% increase in the Indicated … Continued

Alphamin Resources (TSXV:AFM) reported results of an updated feasibility study for its 80.75 percent owned Bisie Tin project. The project is located in the Walikale Territory of the North Kivu province of the Democratic Republic of Congo.
As quoted in the press release, Boris Kamstra, CEO of Alphamin, said:

The 34% increase in the Indicated Mineral Resources announced on 11 May 2016 and improved tin price outlook has enhanced the forecast economic performance indicators for Bisie significantly. The improvement in profitability and extension to the life of mine (LoM), reinforces our belief that the Project forms the ideal foundation on which to build a mining company and associated infrastructure for mining in the tin-rich province of North Kivu. The Project is based on proven mining and tin recovery methods, which should make it straightforward to operate, with low unit tin production costs and significant growth opportunities. Our UFS confirms our view that Bisie presents shareholders with an attractive opportunity to invest in one of the highest grade known tin deposits provinces in the world.

Click here for the full press release.

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